Authored By: Sarah
23 Jan 2025

Latest News- Energy Efficiency Services Market in UK: Energy audits and consulting is expected to lead the Service segment during 2025-2029

The Energy Efficiency Services Market in UK is being driven by Government policies and regulations

The Energy Efficiency Services Market in UK is expected to grow at a CAGR of 7.7% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 937.7 million. The UK energy efficiency services market is experiencing a substantial shift towards the adoption of smart technologies. This transition encompasses the implementation of Internet of Things (IoT) devices, artificial intelligence (AI)-driven energy management systems, and smart meters. These advanced technologies offer real-time energy usage data, empowering businesses to efficiently monitor, manage, and optimize their energy consumption. For instance, IoT-enabled predictive maintenance minimizes downtime and energy wastage. Notably, Schneider Electric's EcoStruxure Building Activate, launched in December 2024, is a cloud-based energy management and automation solution tailored for small and medium-sized buildings in the UK. This platform facilitates effective energy management through real-time data analysis and automated energy optimization. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on segments_for_ai.nslist

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

  • Government policies and regulations
  • Financial incentives by government
  • Rising energy costs

However, the market also witnesses some limitations, which are as follows:

  • Lack of awareness and understanding
  • Integration with existing infrastructure
  • Long payback period

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Market Scope in Energy Efficiency Services Market in UK Research Report

Market Scope

Report Coverage

Details

Page number

157

Base year

2024

Historic period

2019-2023

Forecast period

2025-2029

Growth momentum & CAGR

Accelerate at a CAGR of 7.7%

Market growth 2025-2029

USD 937.7 million

Market structure

Fragmented

YoY growth 2024-2025(%)

7.5

Key countries

UK and Europe

Competitive landscape

Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks

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Research Analysis Overview

The Energy Efficiency Services Market in the UK is witnessing significant growth due to the increasing focus on system optimization, data-driven decision-making, and automation in industrial energy use. Microgrids and energy systems are key areas of investment, offering long-term savings and reducing carbon emissions. Energy auditing, consulting services, and monitoring and verification are essential for identifying energy-saving potential and implementing cost-cutting measures. Renewable energy sources and distributed energy are becoming increasingly profitable, with initiatives prioritizing productivity and operating expenses. Skilled personnel and IoT technologies are crucial for effective energy monitoring and compliance with environmental laws. Energy efficiency solutions, including energy audits and renewable energy technologies, offer significant benefits for businesses and the environment, despite competing priorities and energy costs.

Market Research Overview

The Energy Efficiency Services Market in the UK is witnessing significant growth due to the increasing emphasis on energy optimization and compliance. Companies are investing in energy consulting, product optimization, and energy consumption optimization to reduce operational costs and improve sustainability. Energy verification and certification services are also gaining popularity, with many businesses seeking to take advantage of government incentives for energy efficiency. Industrial solutions, including energy optimization technologies and audits, are crucial for large-scale energy savings. Diversified support services providers offer a range of solutions, from equipment repair and maintenance to transaction services and uniform rental, all contributing to the market's expansion. The trend towards outsourcing support functions and the need for industrial compliance are key drivers, with continued growth expected in the coming years.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.


Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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